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News watch April 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 28 April 2011• Due to UK royal wedding national public holidays, CAR Online news coverage will be reduced until CAR reopens on Tuesday 3 May (CAR)• The Saab financial situation continues to develop. Both the Swedish National Debt Office and General Motors are said to have given their approval for the proposed lease-back sale of Saab property to investor Vladimir Antonov.

Koenigsegg at Geneva Motor Show: Koenigsegg Agera +video

The Koenigsegg Agera hits the floor at Geneva We managed to uncover information on the Koenigsegg Agera early on, following on from the chat we had with Koenigsegg when they told us they would be bringing ‘Something New’ to the Geneva Motor Show. And I think we were a bit ungracious. Maybe it was disappointment that theAgera wasn’t perhaps as radical as we hoped from a new Koenigsegg, or it could just have been a long day.

Ford Granada with the heart of a Koenigsegg CCX

Two mad Norwegians – Joel Olsen and Ingar Byman – have transplanted the Ford V8 from the Koenigsegg CCX in to a Mk II Granada – Project ZZZ…ZZZ. The MK II Granada was a perfectly decent big Ford in the days Ford made big cars. Wallowy, yes, but better as the 2.8i than the 2.8 and even quite fun in a ‘piloting a barge’ sort of way.